During a recent interview with Artemis, Powell discussed how AI continues to evolve across the ILS market, and how this is ultimately impacting the cat bond market. To begin, Powell emphasised how AI has advanced so heavily over the last year, and how this is impacting the catastrophe bond market. A key area that AI is being implemented across the industry is through catastrophe models, in which Powell believes is ultimately helping to improve deal structures and terms across the cat bond market. If you think about the data we have on hurricanes, right, it goes back decades across centuries,” Powell explained. I also think that it will allow us to get more creative in product development and be able to maybe have a separate cat bond data center fund one day.